Oppenheimer & Co. Inc. Has $11.12 Million Stock Holdings in AutoZone, Inc. (NYSE:AZO)

Oppenheimer & Co. Inc. grew its holdings in shares of AutoZone, Inc. (NYSE:AZO) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,472 shares of the company’s stock after buying an additional 11 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in AutoZone were worth $11,117,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Pittenger & Anderson Inc. grew its holdings in AutoZone by 5.2% during the 4th quarter. Pittenger & Anderson Inc. now owns 61 shares of the company’s stock valued at $195,000 after buying an additional 3 shares in the last quarter. Allworth Financial LP boosted its position in shares of AutoZone by 5.0% in the third quarter. Allworth Financial LP now owns 84 shares of the company’s stock valued at $265,000 after acquiring an additional 4 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of AutoZone by 1.5% in the third quarter. Axxcess Wealth Management LLC now owns 267 shares of the company’s stock valued at $841,000 after acquiring an additional 4 shares during the period. Moors & Cabot Inc. grew its stake in AutoZone by 4.2% during the third quarter. Moors & Cabot Inc. now owns 99 shares of the company’s stock valued at $312,000 after acquiring an additional 4 shares in the last quarter. Finally, McIlrath & Eck LLC increased its holdings in AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after acquiring an additional 4 shares during the period. 92.74% of the stock is currently owned by institutional investors and hedge funds.

AutoZone Stock Up 1.6 %

Shares of NYSE:AZO opened at $3,448.29 on Friday. The stock has a market cap of $57.86 billion, a PE ratio of 23.04, a PEG ratio of 1.86 and a beta of 0.70. The company’s fifty day moving average is $3,332.11 and its 200 day moving average is $3,214.44. AutoZone, Inc. has a 52 week low of $2,728.97 and a 52 week high of $3,484.42.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period last year, the business posted $32.55 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts anticipate that AutoZone, Inc. will post 152.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen raised their price target on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a report on Monday, December 16th. Mizuho lifted their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their target price on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup raised their price target on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Truist Financial boosted their price objective on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.